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Sustainability Report 2011
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Chairman’s Statement:
ITC’s Vision and Strategy		 Key Impacts,
Risks and Opportunities		 ITC:
Organisational Profile		 Report Profile,
Scope and Boundary		 Governance, Commitments
& Engagements
ITC’s Triple Bottom Line GRI Index Annexures Independent
Assurance Statement		 Self-declaration on Application Level
  «•»
 

Independent Assurance Statement from Ernst & Young

Limitations of our engagement

The assurance scope excludes:
   
Aspects of the Report other than those mentioned above;
   
Data and information outside the defined reporting period (1st April 2010 to 31st March 2011);
   
The Company’s statements that describe expression of opinion, belief, aspiration, expectation, aim or future intention and national or global socio-economic and environmental aspects;
   
Data and information on economic and financial performance of the Company, which are from the Company’s audited financial records.

Conclusion

On the basis of our procedures aimed at obtaining reasonable assurance, we conclude that in our opinion: The Company has presented, in a fairly balanced, accurate and complete manner, the information pertaining to Environment, Occupational Health & Safety and Social parameters on the GRI indicators pertaining to material consumption, energy, water consumption and discharge, GHG emissions, wastes, safety performance and social programmes.

Observations

The initiatives on carbon sequestration, waste recycling, creating rainwater harvesting potential and creating sustainable livelihoods demonstrate the Company’s commitment on these key sustainability issues. The Company’s carbon positive status is based on improvements in specific energy consumption, increasing share of energy from renewable resources and sequestration of CO2 emissions through social and farm forestry initiatives. The water positive status is based on net water consumption vis-à-vis rain water harvesting potential created through rainwater harvesting structures. Waste recycling positive status of the Company is by recycling of wastes generated out of their operations and external wastes used as raw material.

During our review, we understood that the company has a well structured data management system, and as a process of improvement, is taking up initiatives to further strengthen its robustness, reporting protocols and review mechanisms for data related to sustainability performance.

Ernst & Young Private Limited

Sudipta Das
Partner

September 20, 2011
Kolkata
  «•»
Chairman’s Statement:
ITC’s Vision and Strategy		 Key Impacts,
Risks and Opportunities		 ITC:
Organisational Profile		 Report Profile,
Scope and Boundary		 Governance, Commitments
& Engagements
ITC’s Triple Bottom Line GRI Index Annexures Independent
Assurance Statement		 Self-declaration on Application Level
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